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English definition of “gamble”

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gamble

verb uk   /ˈɡæm.bl̩/ us  
[I] to do something that involves risks that might result in loss of money or failure, hoping to get money or achieve success: Anyone who gambles on the stock exchange has to be prepared to lose money.C2 [I or T] to risk money, for example in a game or on a horse race: I like to gamble when I play cards - it makes it more interesting. He gambles on the horses (= horse races). He gambled away all of our savings.
Phrasal verbs

gamble

noun [C usually singular] uk   /ˈɡæm.bl̩/ us  
C2 a risk that might result in loss of money or failure: Her publishers knew they were taking a gamble when they agreed to publish such an unusual novel. It was a gamble using such an inexperienced director, but it paid off (= was successful).
(Definition of gamble from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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